# OPEC Raises Oil Production by 1.38 Million Barrels per Day Despite Export Disruptions

> A Reuters survey said OPEC crude output rose by 1.38 million barrels per day in October from September, reaching 22.87 million barrels per day, with increases from Saudi Arabia, Kuwait and Iraq. OPEC+ kept its December production targets unchanged, while the alliance is due to discuss 2027 quotas later in November.

- Date: 2026-11-09 · published 2026-11-10T00:25:59.470Z
- Category: report · region OPEC · magnitude medium
- Page: https://feedsoft.ai/events/90603-opec-raises-oil-production-by-1-38-million-barrels-per-day-despite-export
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The reported production increase adds to available crude supply and could weigh on oil prices, although export disruptions limit how much supply reaches buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-01-31 | [US oil production tops 10 million barrels a day for first time since 1970](https://feedsoft.ai/events/67157-us-oil-production-tops-10-million-barrels-a-day-for-first-time-since-1970.md) | -1.8% | -4.8% |
| WTI | 2018-08-13 | [OPEC’s Output Rose in July Despite Decline in Saudi Oil Production - WSJ](https://feedsoft.ai/events/63443-opec-s-output-rose-in-july-despite-decline-in-saudi-oil-production-wsj.md) | -2.5% | -0.1% |
| WTI | 2017-11-29 | [Oil supply outages fall as OPEC decides on extension of production restraint agreement Report \| Wood Mackenzie](https://feedsoft.ai/events/67894-oil-supply-outages-fall-as-opec-decides-on-extension-of-production-restraint.md) | -0.6% | +2.9% |
| WTI | 2021-03-31 | [OPEC cuts global oil demand estimates ahead of production decision](https://feedsoft.ai/events/48043-opec-cuts-global-oil-demand-estimates-ahead-of-production-decision.md) | -1.3% | +5.4% |
| WTI | 2018-10-11 | [OPEC hikes oil output in September as Iran's production falls](https://feedsoft.ai/events/62459-opec-hikes-oil-output-in-september-as-iran-s-production-falls.md) | -4.8% | -15.7% |
| BRENT | 2018-01-31 | [US oil production tops 10 million barrels a day for first time since 1970](https://feedsoft.ai/events/67157-us-oil-production-tops-10-million-barrels-a-day-for-first-time-since-1970.md) | -2.3% | -1.9% |
| BRENT | 2018-08-13 | [OPEC’s Output Rose in July Despite Decline in Saudi Oil Production - WSJ](https://feedsoft.ai/events/63443-opec-s-output-rose-in-july-despite-decline-in-saudi-oil-production-wsj.md) | -1.3% | +6.0% |
| BRENT | 2017-11-29 | [Oil supply outages fall as OPEC decides on extension of production restraint agreement Report \| Wood Mackenzie](https://feedsoft.ai/events/67894-oil-supply-outages-fall-as-opec-decides-on-extension-of-production-restraint.md) | -0.7% | +4.2% |

## Sources

- afaq.news: https://afaq.news/37314/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.